The recent passing of a bill by the Russian State Duma legalizing Bitcoin mining and allowing the use of cryptocurrency for international trade marks a significant shift in the country’s approach to digital assets. The legislation, which is set to take effect on September 1 pending final approval, is aimed at addressing the challenges faced
Ethereum’s price has been experiencing a period of consolidation above the 100 and 200-day moving averages, signaling a bullish trend in the market. The recent breakthrough above the critical 100-day moving average at $3,354 has led to a phase of sideways fluctuation, indicating a balance between buyers and sellers. However, with the introduction of spot
The recent announcement by Bitstamp signaling the initiation of returning recovered digital assets to creditors of the defunct Mt. Gox exchange represents a significant milestone. This move comes after a decade-long effort to compensate those impacted by the notorious 2014 hack that resulted in Mt. Gox’s downfall. Collaboration with Exchanges Bitstamp is collaborating with various
The long-awaited Ethereum ETFs have finally made their way to the market, opening up new possibilities for Ethereum and other altcoins. Industry experts and crypto enthusiasts are closely monitoring how these ETFs could influence Ethereum’s price trajectory in the upcoming months. Renowned crypto analyst, Doctor Profit, has made a bold prediction regarding Ethereum’s future value.
Igloo, Inc., the company known for the popular NFT brand Pudgy Penguins, has successfully raised over $11 million in funding to support the development of its new Ethereum layer-2 scaling network known as ‘Abstract.’ This significant investment, led by Founders Fund, with participation from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital, marks a
Save, previously known as Solend, has recently undergone a significant transformation by rebranding and relaunching its platform at save.finance. This rebranding goes beyond just a name change; it signifies a strategic evolution aimed at providing enhanced financial opportunities for the Solana community. The platform has been in development for three years and has established itself
Shiba Inu (SHIB) has experienced a significant drop of 13% over the past week, causing concern among analysts and investors alike. This downward trend has led some experts to speculate that the price of SHIB could continue to decline in the short term. One analyst pointed out that SHIB’s valuation is currently in a “neutral
In a significant move for the GameFi industry, Binance Labs has recently announced its investment in Pluto Studio, the innovative platform behind Catizen. This strategic partnership aims to provide substantial funding for ongoing initiatives within the Pluto Studio ecosystem, solidifying the studio’s commitment to pioneering the next era of Web3 gaming. Since its launch, Catizen
Atari and Coinbase have come together in a groundbreaking partnership that aims to reinvent classic video games by utilizing blockchain technology. This innovative cooperation between two giants in their respective industries envisions a new era of gaming where creators are directly rewarded for their work without the need for intermediaries. By leveraging the blockchain, Atari
The introduction of spot Ethereum ETFs in the United States marked a significant milestone in the world of crypto trading. On July 23rd, Grayscale’s Ethereum Trust (ETHE) was converted into an ETF, only to experience a substantial loss of $484 million on its first day of trading. This outcome paralleled the fate of Grayscale’s Bitcoin